Philippines November CPI up 4.2% y/y, lowest since July
by Reuters
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MANILA, Dec 7 (Reuters) – Philippine annual inflation in November came in at 4.2% PHCPI=ECI, the lowest level in four months, due to a slowdown in price increases for the heavily weighted food and non-alcoholic beverages index, government data on Tuesday showed.
The headline figure was above the central bank’s projected range of 3.3%-4.1% for the month, and higher than the 3.9% median forecast in a Reuters poll.
(Reporting by Neil Jerome Morales and Enrico Dela Cruz
Editing by Ed Davies)
This article originally appeared on reuters.com